Prop. 19 is a painful tax increase on hundreds of thousands of ordinary Californians.

At your request: This week's California Commentary by Jon Coupal
View this email in your browser ([link removed])
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fwww.dailynews.com%2F2020%2F11%2F22%2Fthe-harms-of-prop-19-will-soon-be-clear%2F Tweet ([link removed]: https%3A%2F%2Fwww.dailynews.com%2F2020%2F11%2F22%2Fthe-harms-of-prop-19-will-soon-be-clear%2F)
[link removed] Forward ([link removed])
[link removed]

[link removed]


** California Commentary
------------------------------------------------------------

You are receiving this email because you subscribed on the HJTA website, or you provided your address in response to direct mail. Please see the bottom of this message to unsubscribe.


** The harms of Prop. 19 will soon be clear
------------------------------------------------------------

By Jon Coupal

This column has previously described Prop. 19, which barely passed with 51 percent of the vote, as a steak laced with cyanide. It may look good, but you don’t want to eat it.

While there are some benefits from expanding property tax “portability” to allow homeowners to transfer their Proposition 13 base-year value to anywhere in California, the cost of this benefit is outweighed by the damage it will inflict on families planning to transfer property from parents to children.

Few voters were aware of this downside of Prop. 19. Specifically, beginning on February 16, 2021, no longer will parents and grandparents be able to transfer their property to their children or grandchildren without triggering a massive increase in property tax liability. These “intergenerational transfer” protections — placed in the California Constitution in 1986 and 1996 with overwhelming support from voters — have been sharply cut back.

Under the 1986 measure, a parent could transfer a primary residence and up to $1,000,000 of assessed value of other property to their children, and such properties would see no change in their tax bill when transferred. They would retain the Prop. 13-protected base-year value for property tax purposes. But under Prop. 19, that only remains true if both the parent and the child use the property as their primary residence.

None of the paid advertising about Prop. 19 alerted voters that they were losing important taxpayer protections. In fact, the primary sponsor of the bill, the California Association of Realtors, spent $50 million on campaign ads claiming it was beneficial to taxpayers, not disclosing the billion-dollar property tax increase. Their deceptive tactics were successful and will undoubtedly advance their underlying motivation of churning real estate sales.

To read the entire column, please click here ([link removed]) .
A note to our valued members and supporters: To increase the reach of our message to as many Californians as possible, HJTA made an agreement with the Southern California News Group papers to carry Jon Coupal's weekly column. The newspapers in the group, including the Orange County Register and the Los Angeles Daily News, have added a paywall that allows only a limited number of page views per month, and then asks readers to become subscribers. HJTA is not marketing these subscriptions or receiving any payment from them. The columns are exclusive to SCNG's papers for one week and then are posted in full on HJTA's own website, www.hjta.org ([link removed]) , under "California Commentaries," where you can read them at your convenience, or read Jon's column online in all the SCNG papers at these links:
www.whittierdailynews.com/opinion ([link removed])
www.dailybulletin.com/opinion ([link removed])
www.redlandsdailyfacts.com/opinion ([link removed])
www.sgvtribune.com/opinion ([link removed])
www.ocregister.com/opinion ([link removed])
www.pe.com/opinion ([link removed])
www.dailynews.com/opinion ([link removed])
www.pasadenastarnews.com/opinion ([link removed])
www.sbsun.com/opinion ([link removed])
www.dailybreeze.com/opinion ([link removed])
www.presstelegram.com/opinion ([link removed])
Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). He is a recognized expert in California fiscal affairs and has argued numerous tax cases before the courts.
HJTA is totally dependent on the voluntary support of California taxpayers.
Please consider a donation now to help us continue our work on your behalf.
[link removed]
[link removed]

============================================================
Don't Forget To Follow Us On Social Media
** Facebook ([link removed])
** Facebook ([link removed])
** Twitter ([link removed])
** Twitter ([link removed])
** Website ([link removed])
** Website ([link removed])
** Instagram ([link removed])
** Instagram ([link removed])
** Pinterest ([link removed])
** Pinterest ([link removed])

Copyright © 2020 Howard Jarvis Taxpayers Association. All rights reserved.
621 S. Westmoreland Avenue, Suite 200, Los Angeles, CA 90005

** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Howard Jarvis Taxpayers Association . 621 South Westmoreland Avenue, Suite 200 . Los Angeles, CA 90005 . USA